#Write2earn
Bitcoin Poised to Hit $81K as Bullish Momentum Builds
#Bitcoin #BTCanalysis #BitcoinPrediction
As Bitcoin (BTC) gains bullish momentum, analysts predict it could soon reach new all-time highs. Crypto analyst Yoddha forecasts a potential surge to $81,000 if the current trend continues.
Bitcoin's Price Movement
Over the past year, Bitcoin's price has been volatile, peaking at $65,000 before dropping to $49,000 in what Yoddha calls a "liquidation hunt." Despite this dip, Bitcoin has rebounded above $60,000, indicating strong bullish momentum.
Key Levels to Watch
To continue rising, Bitcoin must break through key resistance levels. A strong close in August could push it past $81,000, with long-term projections as high as $244,890. Maintaining support at $31,400 and reclaiming $65,000 are also crucial.
Expert Opinions
Trading expert Michaël van de Poppe agrees with the bullish outlook, highlighting the importance of the $57,500 support zone. If Bitcoin holds above this level, it could hit an all-time high by September or October.
Current Status
Bitcoin is currently trading at $60,677, up 1% in the last 24 hours but down 2% over the past week. Experts believe maintaining the $60,000 support level is key to reaching the $81,000 target.
